SEC regulations

PCAOB aligns auditor independence rules with SEC

At issue is China's refusal to let inspectors from the PCAOB review audits of some Chinese businesses.

Jay Clayton, who has led the U.S. Securities and Exchange Commission for most of President Donald Trump’s term in office, said in a statement Monday that he will step down at the end of the year.

The commission has been busy helping public companies report the impact of COVID-19.

The Securities and Exchange Commission voted to adopt amendments to its longstanding auditor independence requirements, relaxing restrictions on relationships between auditors and their clients as part of a deregulatory push by the SEC in recent years.

Regulators are making it harder for small-time shareholders to put forth proposals aimed at cracking down on excessive pay, climate change and other corporate governance concerns.

The changes represent probably the biggest overhaul of Regulation S-K disclosures in more than three decades.

The Securities and Exchange Commission voted to add amendments to its rules and forms to improve financial information about acquired or disposed businesses for investors, and decrease the complexity and costs of preparing such disclosures.

The Securities and Exchange Commission recently voted to exempt many smaller public companies from the Sarbanes-Oxley requirement for auditor attestations of their internal controls over financial reporting, but many companies have been able to bypass those audits anyway.

The Securities and Exchange Commission is exempting filers with less than $100 million in revenue from the requirement for an attestation of their ICFR by an outside auditor.

The Securities and Exchange Commission voted to propose amendments to the financial disclosure requirements in Regulation S-K and streamline the Management's Discussion and Analysis disclosures.

The Securities and Exchange Commission is proposing a set of amendments to the auditor independence rules that have been in place since the early 2000s, allowing firms more leeway in determining conflicts of interest and shortening the lookback period for clients planning to go public.

When Securities and Exchange Commission Chairman Jay Clayton handed a policy win to corporate executives this month, he pointed to a surprising source of support: a mailbag full of encouragement from ordinary Americans.

Despite the many factors beyond a company’s control when going public, management can take steps to prepare for a pricing window and successfully time an IPO.

With the stock market at record highs, more companies are considering going public, but they need to make sure their accounting is in order before they file.

Deputy chief accountant Sagar Teotia will serve as an interim successor.

The Securities and Exchange Commission has voted to propose a set of amendments to its rules governing the kind of information provided to investors.

Auditors will be exempted from some independence requirements to help clients reconstruct records.

The Securities and Exchange Commission voted to propose a number of amendments to simplify some disclosure requirements for public companies, along with investment advisers and investment companies.

The commission has given over $162 million to 47 different recipients.